The FCA yesterday (20 January 2020) released a Dear CEO letter to asset managers[1] and outlined the FCA’s view on the key risks of harm that they pose to their customers or the markets in which they operate. The FCA expects CEOs to consider whether their firm presents these risks and their strategies for mitigating them.
Mike Booth, Partner | Regulatory Solutions at MJ Hudson has very briefly summarised the supervisory priorities below:
- Liquidity: Has the fund got enough of it! Is there a mismatch between redemption terms and the underlying portfolios liquidity and are these risks being managed effectively?
MJ Hudson works with clients in the fields of law, international administration, fund management, investment advisory, and IR and marketing, across both alternative and traditional asset classes.Gresham House Strategic PLC (LON:GHS) has a 1.3% ownership of MJ Hudson as of June 2018.